European Payments Council - News, Articles & Research

Company announcement/payments

European Payments Council updates API security franework and VOP specifications

The European Payments Council (EPC) has officially released the updated Application Programming Interface (API) security framework aimed at bolstering the security-related requirements for participants in the Verification Of Payee (VOP), SEPA Request-to-Pay (SRTP), and SEPA Payment Account Access (SPAA) schemes.

31 October 2024

Company announcement/security

EPC publishes Verification of Payee Scheme rulebook

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single Euro Payments Area (SEPA) that will be required to comply with legal obligations on the verification of a payee in the case of credit transfers as outlined in the proposed EU Instant Payments Regulation (IPR) amending the SEPA Regulation.

16 October 2024

Company announcement/payments

EPC publishes first version of Verification Of Payee Scheme rulebook

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single Euro Payments Area (SEPA) that will be required to comply with legal obligations on the verification of a payee in the case of credit transfers as outlined in the proposed EU Instant Payments Regulation (IPR) amending the SEPA Regulation.

11 October 2024

News/payments

EBAday 2024: Possibilities and boundaries of the OCT Inst scheme

Moderating the last panel of the first day of EBAday, Rita Camporeale, vice chair of the European Payments Council led a conversation on the OCT Inst scheme with Daniele Astarita, principal solution consultant of real time payments at ACI Worldwide; Damien Godderis, head of payments industry engagement - payments & receivables - cash management at BNP Paribas; Xavier Herrero, manager operations groups at CaixaBank; and Michael Knetsch, tribe lead instant payments, cash management at Deutsche Bank.

19 June 2024

News/payments

Iberpay and Santander become first particpants in EPC's OCT Inst scheme

Spain's Iberpay and Santander have signed up as the first participants in the European Payment Council's new OCT Inst scheme for faster international account-to-account payments.

17 May 2024

Company announcement/security

European Payments Council consults on Verification of payee scheme rulebook

Today the European Payments Council (EPC) launches a public consultation on the Verification Of Payee (VOP) scheme rulebook.

07 May 2024

Company announcement/payments

Tink joins SEPA Payment Account Access (SPAA) scheme

Market-leading payment services and data enrichment platform, Tink, has entered the official register to become one of the first participants of the European Payments Council’s newly launched SEPA Payment Account Access (SPAA) scheme.

22 February 2024

Company announcement/payments

EPC One-Leg Out Instant Credit Transfer (OCT Inst) payment scheme goes live

As of today 08h00 CET, the new payment scheme of the European Payments Council (EPC) designed for international instant credit transfers is ready for use.

28 November 2023

Company announcement/payments

EPC publishes business conditions for SPAA's default remuneration model

The European Payments Council (EPC) has published the business conditions for the SEPA Payment Account Access (SPAA) scheme, marking a significant step forward in the development of open banking in Europe.

24 November 2023

News/payments

Sepa payment schemes ISO 20022 migration delayed

The European Payments Council has postponed the migration of Sepa payment schemes to the 2019 version of ISO 20022 by four months, to March, after concluding that "at least two large Sepa countries" couldn't be guaranteed to make the original November deadline.

25 October 2023

News/people

European Payments Council names Giorgio Andreoli Director General

Etienne Goosse will step down as Director General of the EPC from April 2023 after 12 years in the role.

31 March 2023

Company announcement/payments

EPC and equensWorldline extend contract for the Sepa Proxy Lookup Service

equensWorldline SE, a subsidiary of Worldline [Euronext: WLN] and European leader in the payments and transactional services industry, and the European Payment Council (EPC) which manages the SEPA Proxy Lookup (SPL) scheme are extending their partnership to provide the central SPL service that supports the interoperability between existing European mobile Person-to-Person (P2P) payment services.

24 June 2021